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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: mattstat who wrote (32160)8/26/2019 8:00:58 AM
From: AdvocatusDiaboli  Read Replies (1) | Respond to of 34804
 
I do not think a few tweets will turn this juggernaut around that swiftly.

Over the last couple of weeks I have met and talked with several business people in Australia and here in SE Asia. Confidence is down big time since my last visit. Everyone is using the R word.
One good friend in Sydney told me business is terrible and that there is little hope of showing a profit this year.

Trump's trade war is hurting this region.

I sincerely hope that some meaningful progress can be made in the short term and that further escalation does not occur otherwise the house of cards will collapse sooner than later
Whilst my model is on a strong SELL signal I still guess we can see a new ATH before Armageddon.